MONTREAL--(BUSINESS WIRE)--ICP Solar Technologies Inc. (OTCBB: ICPR.OB, FRANKFURT: K1U.F), a developer, manufacturer and marketer of proprietary solar panels and products, today announced that it will begin shipping its new, patented, Sunsei® GreenMeter this month. The initial customer, an education products company, will be installing the GreenMeter in 30 high schools across North America – providing scientific training stations for labs within a curriculum that focuses on renewable energy. The Sunsei® GreenMeter hybrid energy monitor will be the centerpiece of these stations, and it will interface with solar panels, wind turbines, and a battery system that monitors energy output. Students can measure electrical power production from both solar and wind sources, analyzing the resulting energy vis-à-vis existing weather conditions.
“Our Sunsei® GreenMeter is now ready for shipment, and we are very excited by the opportunity these products represent for growth in 2009,” said Sass Peress, Chairman and CEO of ICP Solar. “They are designed to be extremely consumer-friendly and can easily connect with any type of renewable energy source to analyze electrical output. Our GreenMeter collects data from a variety of energy devices and links directly with the internet – making it perfect for both at-home and remote locations, where it has traditionally been cumbersome or problematic to analyze energy production.
“These first units will allow students to learn about two of today’s leading forms of alternative energy – wind and solar power – along with energy conversion and electricity generation. Assisting young minds appreciate how clean energy fits into the global economic environment is compelling, and we anticipate expanding sales within the education field. Beyond this market, we expect the GreenMeter to post rapid growth worldwide next year as it uniquely provides consumers and commercial enterprises with an easy means to monitor their ever-increasing alternative energy installations.”
About ICP Solar Technologies, Inc:
ICP Solar is a developer, manufacturer and marketer of solar panels, solar cell based products, solar monitoring software and solar power management solutions. Through the application of its own intellectual property and next-generation technologies, the Company aims to be the solar industry's innovation leader. For the past 20 years, ICP Solar has been a lead innovator in the consumer solar market and has now begun to apply that same innovation philosophy to the OEM, rooftop and power generation segment of the solar industry. ICP Solar's management has over 50 years of experience in the renewable energy sector. ICP Solar markets its products under its Sunsei® brand of solar products and is the North American licensee of the Coleman® brand in the solar charger category. ICP Solar is also helping the environment by offering these solar technologies and green solutions to the renewable energy sector. The company's headquarters are located in Montreal, Canada, with an R&D center in St. John’s Canada and additional locations in the USA, Ireland, France and the UK. Additional information may be found at www.icpsolar.com
This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "expects," "plans," "estimates," "intends," "believes," "could," "might," "will" or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of ICP Solar Technologies Inc. to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties which are described under the caption "Note Regarding Forward-looking Statements" and "Key Information - Risk Factors" and elsewhere in ICP Solar Technologies Inc.’s Annual Report for the fiscal year ended January 31,2008, as filed on EDGAR at www.sec.gov. The risk factors identified in ICP Solar Technologies Inc. Annual Report are not intended to represent a complete list of factors that could affect ICP Solar Technologies Inc. Accordingly, readers should not place undue reliance on forward-looking statements. ICP Solar Technologies Inc. does not assume any obligation to update the forward-looking information contained in this press release.
ICP Solar Technologies Inc.
Sass Peress, 514-270-5770
Chief
Executive Officer
or
Investor Relations:
Chris
Witty, 646-438-9385
cwitty@darrowir.com
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